Reetu | May 29, 2023 |
19 NBFCs Surrender their Certificate of Registration to RBI; Know Details
19 Non-Banking Financial Companies (NBFC) have surrendered the Certificate of Registration granted to them by the Reserve Bank of India.
The RBI, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their CoR.
i) Due to exit from Non-Banking Financial Institution (NBFI) business:
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ii) Due to meeting the criteria prescribed for unregistered Core Investment Company (CIC) that do not require registration:
iii) Due to NBFC ceasing to be a legal entity due to amalgamation/ merger/dissolution/ voluntary strike-off, etc.:
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